Mastering Mortgage Underwriting: A Crash Course

Mastering Mortgage Underwriting: A Crash Course
Published 1/2025
MP4 | Video: h264, 1920×1080 | Audio: AAC, 44.1 KHz

Conventional Loan Essentials of Mortgage Underwriting to Evaluate Risk, Approve Loans, Excel in Real Estate Finance+

What you’ll learn

Understand the role of underwriting in the mortgage process.

Learn the key stages of loan evaluation for conventional loans.

Analyze credit scores, credit reports, and payment histories.

Identify and address red flags like high credit utilization or late payments.

Calculate and verify income for W-2 and self-employed borrowers.

Understand how to evaluate stability and consistency of employment.

Determine acceptable sources of funds for down payments and reserves.

Identify and resolve red flags like large unexplained deposits.

Understand how property appraisals work and their importance in underwriting.

Calculate loan-to-value (LTV) ratios and evaluate property conditions.

Calculate front-end and back-end DTI ratios.

Use DTI ratios to assess a borrower’s ability to repay a loan.

Navigate key regulations like ECOA, TILA, and FCRA.

Learn how to identify and prevent potential fraud.

Approve, deny, or suspend loans based on data analysis.

Document decisions clearly and prepare files for audits.

Work through practical case studies to solidify your skills.

Understand how to handle complex or borderline loan applications.

Requirements

Description

Overview

Section 1: Module 1: Introduction to Mortgage Underwriting

Lecture 1 Welcome to this course!

Lecture 2 Underwriter salary potential, bonuses, and benefits

Lecture 3 What is mortgage underwriting, the process, the role, and key components

Lecture 4 A quick interruption

Section 2: Module 2: Understanding the Loan Approval Process

Lecture 5 Understanding the loan approval process, loan processors role, and the mortgage

Lecture 6 Tools used in underwriting, common roadblocks, and the uw decision

Section 3: Module 3: Credit Risk Assessment

Lecture 9 What is credit risk assessment

Lecture 10 Key red flags in credit reports, DTI, and tools for credit risk assessment

Section 4: Module 4: Income and Asset Analysis

Lecture 11 Income and asset analysis

Lecture 12 W2 Borrower income calculation

Lecture 15 Acceptable vs unacceptible asset sources

Section 5: Module 5: Property Appraisal and Collateral Review

Lecture 16 Property appraisal and collateral review

Lecture 17 Understanding LTV and how it affects loan decisions when appraisals are low

Section 6: Module 6: Compliance and Risk Mitigation

Lecture 18 Compliance and risk mitigation

Lecture 19 Detecting and preventing fraud, risk mitigation strategies, and compliance

Section 7: Module 7: Finalizing the Underwriting Decision

Lecture 20 Finalizing the underwriting decision

Lecture 21 Collaborating with team members and preparing for audits

Section 8: Module 8: Case Studies and Practical Applications

Lecture 22 Case studies problems and solutions

Lecture 23 Interactive underwriter exercises

Section 9: Module 9: Next Steps in Your Mortgage Underwriting Career

Lecture 26 Your course certificate and the next steps in your underwriting journey

Lecture 27 Exploring advanced career opportunities, technology, and setting personal career

Lecture 28 Congratulations on completing this course